escrow

(redirected from Escrow agent)
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  • noun

Words related to escrow

a written agreement (or property or money) delivered to a third party or put in trust by one party to a contract to be returned after fulfillment of some condition

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References in periodicals archive ?
XL Group and RPS/Plus Companies have expanded their underwriting partnership to bring professional liability insurance to another class of business -- title & escrow agents.
Ticor Title Insurance Company, this duty of loyalty translates into the duty of an escrow agent to communicate knowledge of material facts that he or she learned throughout the course of the agent's relationship to the parties.
If a predetermined release condition occurs, such as the vendor filing for bankruptcy or discontinuing support of an older product, the licensee-company then contacts the escrow agent to request a release.
An escrow agent, or other participant (often the bank or financial institution with an existing relationship with the seller or buyer) acting as the disbursing agent, or "financial intermediary," is better-positioned to make these inquiries and to detect and prevent money laundering.
It's a potentially complex minefield of software licences and attributes of the third party - or escrow agent - as well as the means to rebuild the software in its usable state.
According to the Causey Demgen & Moore verification report, the securities and cash deposited will produce amounts necessary for timely payment of the principal, interest and redemption premium on the refunded bonds, and escrow agent fees when due.
If the user's everyday encryption key is later lost, then the user or an officer in the user's organization could give that information to the escrow agent and request assistance.
3d 785 (1990), the court stated that an escrow company has an implied obligation to do all of the things normally done by an escrow agent not expressly excluded by the escrow instructions.
When a buyer agrees to purchase a vehicle found online, he or she is directed by the seller to send money to a phony escrow agent, and is promised that the cash will be held until the vehicle is delivered.
After determining that the request is authentic, the escrow agent either would release the data recovery key -- if it is unique to the user -- or use the key to determine and release the data encryption key.
It involves the use of escrow agent firms to provide protection for escrow depositors and eliminate escrow deposit bookkeeping headaches for attorneys.
All funds and securities held in this account will be used by the escrow agent for the payment of principal, interest and redemption premium on the refunded bonds, when due at maturity or early scheduled redemption, on July 1, 2012 for the series 2002 bonds and July 1, 2015 for the series 2005 bonds, and escrow agent fees.
The funds to pay the Exercise Price have been deposited with The Bank of New York Mellon as escrow agent (the "Escrow Agent").
Bank National Association, as trustee (the "Trustee") and Wells Fargo Bank, National Association, as escrow agent (the "Escrow Agent"), together with cash sufficient to fund the redemption of the Senior Notes.
I was smart enough to know that the reason I was afraid was because I didn't understand it," said the Canoga Park pilot and escrow agent.